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Friday, April 22, 2016

New Things to Come for Wynn, Las Vegas Strip

It’s been a while since resort mogul Steve Wynn built
anything in Las Vegas. His last project, Encore, the sister property to Wynn,
opened nearly a decade ago. He’s about to make up for lost time.

Model of proposed "Paradise Park" project Courtesy: Wynn Resorts Ltd.

During a presentation to investors earlier this month, Wynn
proposed a new project tentatively called Paradise Park. The 38-acre lagoon
will boast water skiing, parasailing, convention space, a 1,000-room hotel,
casino and a nightly fireworks display. Wynn compared the development to Disney
attractions during his speech to investors, according to the initial Bloomberg report.

The entire “beach resort” would be constructed on top of the
site that is currently Wynn Golf Club, just to the east of Wynn and Encore. Formerly
the Desert Inn Golf Club, the Tom Fazio-designed, 18-hole course played host to
the PGA Tour Tournament of Champions from 1953 to 1966. The managing director
of Desert Inn broke conventions of the time by allowing Sammy Davis, Jr. to
play the course whenever in town. Golfers visiting Las Vegas can still reserve
tee times through this summer.

The project is estimated to cost the company upwards of $1.6
billion, but experts project it to bring in between roughly $300 million and
$400 million annually, a large increase from the golf course’s annual earnings
of approximately $5 million. The proposed largest man-made lagoon in the
country is also expected to use less water than the golf course, up to 30 times
less.

The lagoon itself is expected to be 10 acres in size. A
1-mile boardwalk and sandy beaches will rim the water feature. There are also plans
to include a 120-square-foot island with its own beaches and palm trees.

Wynn’s proposal is still in need of approval
from his company’s board of directors, but tentatively the attraction is set
for a 2020 opening. Browse VegasDaze.com to book tickets to current Las Vegas attractions and more.

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